Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Fri, Mar 17, 2017 - Fri, Mar 24, 2017
Octaware Technologies IPO is a fixed price issue of ₹8.60 crores. The issue is a combination of fresh issue of 0.04 crore shares aggregating to ₹4.01 crores and offer for sale of 0.05 crore shares aggregating to ₹4.59 crores.
Octaware Technologies IPO bidding started from Mar 17, 2017 and ended on Mar 24, 2017. The shares got listed on BSE SME on Apr 3, 2017.
Octaware Technologies IPO price is ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Octaware Technologies IPO RHP for detailed Information.
IPO Open
Fri, Mar 17, 2017
IPO Close
Fri, Mar 24, 2017
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹32.32 Cr
| IPO Date | 17 to 24 Mar, 2017 |
| Listed on | Mon, Apr 3, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 9,55,200 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 49,600 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.4464 Cr) |
| Fresh Issue (Ex Market Maker) | 3,95,600 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 5,10,000 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 9,05,600 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 31,45,403 shares |
| Share Holding Post Issue | 35,90,603 shares |
| BSE Script Code | 540416 |
| ISIN | INE208U01019 |
Octaware Technologies IPO comprises a total issue size of 9,55,200 shares. The net offer to the public is 9,05,600 shares, after excluding 49,600 shares allotted on a firm basis. Of the Net offer 4,52,800 (50.00%) allocated to NII 4,52,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,52,800 | 50.00% | 47.40% |
| Retail Shares Offered | 4,52,800 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 49,600 | 5.19% | |
| Total Shares Offered | 9,55,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Incorporated in 2005, Octaware Technologies Ltd is a software development company provides a range of information technology solutions. The company designs, develops, and maintains software systems and solutions. Company's services include custom software development, ECM/portal solution, ERP and CRM implementation, mobile platform solution, RFID solution, cloud and IT infrastructure services, consulting services and geospatial services.
Octaware provides specialized software application and product development services and solutions in the areas of healthcare, finance, and e-government industry. The company has proprietary products for domestic as well as international markets, such as PowerERM – Human Capital Relationship Management, Hospice – Healthcare and Citizen services solution, and iOnAsset – Inventory management and tracking System etc. These products are available as packaged products as well as software-as-a-service model integrated with legacy system.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the subsidiary company – Octaware Technologies Gulf FZE | 3.42 |
| 2 | General Corporate Purposes | 0.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14 | |
| Market Cap | ₹32.32 Cr. |
The Octaware Technologies IPO is subscribed [.] times on March 24, 2017 6:20:00 PM (Day 6). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.30 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.04 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.05 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹91.00 |
| Low | ₹90.10 |
| High | ₹93.00 |
| Last Trade | ₹90.55 |
Lead Manager Reports
Octaware Technologies IPO is a SME IPO of 9,55,200 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Mar 17, 2017, and closes on Fri, Mar 24, 2017.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Octaware Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Octaware Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Octaware Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Octaware Technologies IPO opens on Fri, Mar 17, 2017 and closes on Fri, Mar 24, 2017.
Octaware Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Octaware Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Octaware Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Octaware Technologies IPO allotment status.
The Octaware Technologies IPO listing date is on Mon, Apr 3, 2017.
